Yet in its annual report published this week, HSBC said that though the fair value placed on its 19.03% stake in Bocom was just $10.1 billion, its internal models valued the holding at $21.5 billion. And so HSBC’s new era began, with the arrival of a sprawling team of outside investigators to make sure the bank was cleaning up its act. HSBC Holdings News Headlines. Who we are. Ex-Hong Kong lawmaker Ted Hui slams HSBC for ‘political toadyism’ after accounts frozen Financial News 09:45 18-Jan-21. Read analysis and opinion from HSBC on the latest economic, demographic and social trends. Bocom now trades at only 0.46 times its estimated book value for 2020, according to data compiled by Bloomberg. City Value Direction Deviation ; London GBp (HSBA) 411.45: 0.00: Hong Kong HKD (0005) 43.30: down-0.50: New York USD (HSBC) 28.01: up +0.66: Stop share price information announcer Play Pause View share analytics More share prices. Learn about online security Close Close online banking panel. Read more. Have a confidential tip for our reporters? Search (auto … To this end, the ECB asked all banks to consider not Good news about the US to be the greater headwind to drive a USD reversal – HSBC FXstreet 10:35 18-Jan-21. Read the latest annual report for HSBC Holdings plc and other related documents. form 8.5 (ept/ri) public dealing disclosure by an exempt principal trader with recognised intermediary status dealing in a client-serving capacityrule 8.5 … “Our discussions and focus on assumptions was driven by consideration of the current levels of uncertainty due to the impact of China-U.S. trade tensions, and the overall outlook for the Chinese banking market, and the broader Chinese economy,” HSBC said in its annual report. The bottom line is that the odds on Quinn getting the top job have reduced.”. Contribute ... New York mayor Mike Bloomberg sees ban on sugary drinks overturned. HSBC Chairman Gives Hints of Looming Strategy Revamp BNN Bloomberg 13:47 18-Jan-21. HSBC Holdings plc reported profit before tax was down 18 per cent to USD4.8 billion. Founded in 1865, HSBC is one of the world’s leading international banks. Elections Fintech See More. Instead of replacing Wong, the four regional chiefs that worked under her -- Liao for mainland China, Diana Cesar for Hong Kong, P.H. Before it's here, it's on the Bloomberg Terminal. HSBC, the second-largest shareholder of Bocom after the Chinese government, thinks the business is worth more than $100 billion, according to its latest corporate filing. That’s also the same news report cited by iacknowledge.net as reasons why HSBC is supposedly on the verge of collapse. News zur HSBC AKTIE und aktueller Realtime-Aktienkurs UPDATE 1-HSBC to axe 82 branches in UK, cut services in others HSBC intends to maintain its long-standing partnership with Bocom and has no plans to sell or increase its stake, a spokeswoman in Hong Kong said in an email. City Value Direction Deviation ; London GBp (HSBA) 411.45: 0.00: Hong Kong HKD (0005) 43.30: down-0.50: New York USD (HSBC) 28.01: up +0.66: Stop share price information announcer Play Pause View share analytics More share prices. Since he was tapped to succeed the ousted John Flint last year, interim head Noel Quinn is battling fires on many fronts, including uncertainty about his own future. Go to this section . City Value Direction Deviation ; London GBp (HSBA) 411.45: 0.00: Hong Kong HKD (0005) 43.30: down-0.50: New York USD (HSBC) 28.01: up +0.66: Stop share price information announcer Play Pause View share analytics More share prices. (Bloomberg) -- HSBC Holdings Plc is offering its Hong Kong staff greater flexibility to work from home, in the latest sign the pandemic is transforming the role of the office in business life. Bocom now trades at only 0.46 times its estimated book value for 2020, according to data compiled by Bloomberg. Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation Its profit has declined for the past three quarters, and Quinn said in October that in several markets, including the U.S., performance of some businesses was “not acceptable.”. HSBC Appoints New China CEO in Latest Reshuffle Bloomberg News, Bloomberg News A sign featuring a HSBC Holdings Plc logo hangs outside a bank branch in London, U.K., on Wednesday, Nov. 6, 2019. “HSBC should stop being so prudent, take risk and expand -- or otherwise shrink, and shrink fast.”, HSBC Overhauls European Management Ahead of Major Review. Lichtschimmer ” für die Gewinne europäischer Banken $ 50 billion that ’ s the record low interest rates many... It braces for its third major overhaul in a decade, and Adam for... In 1865, HSBC is one of China ’ s largest banks could be in the mix estimated value. 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